BID promotes Mesoamerican transport, logistics and integration

The Inter-American Development Bank (IDB) announced a contribution of $800,000 through the approval of two technical cooperation grants, each of $400,000, for the Strategic Program for the Development of Infrastructure and the Strategic Program for the Development of Integration.

In both cases, the beneficiary countries will be Mexico, Belize, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and the Dominican Republic, members of the Mesoamerica Project.

The Mesoamerican corridor.

The Mesoamerican corridor.

In this way the IDB will contribute to the logistical development of the Mesoamerican region through studies and action plans that aim to generate regional transport and logistics strategies, promote regional investment plans, support the transformation of the Pacific Corridor (the component of the Inter-American Mesoamerican Highway Network that extends from Puebla, Mexico, to Panama City) and support the implementation of National Logistics Plans.

Regional strategies will focus on three areas: intermodal transport, freight logistics and urban mobility.

The Pacific Corridor component will finance an operational plan study and investment plans to identify and prioritize high-impact transportation and logistics projects in the countries that cross the corridor, with particular emphasis on the Northern Triangle countries (Guatemala, Honduras, and El Salvador).

“With this support, we seek to provide tools for planning and prioritizing strategic infrastructure in transportation and logistics, with a view to increasing connectivity, improving logistics performance and border management in the region,” she said.

The project has an estimated execution period of 24 months and has local counterpart funds of $120,000 for a total of $920,000.

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